LIC (International) B.S.C.(C) Bahrain is a Joint Venture Offshore Company, promoted by Life Insurance Corporation of India.
Life Insurance Corporation of India, started its first international venture by forming an offshore company in Bahrain, in the year 1989 with its joint venture partner M/S.Intercol. The Company commenced its operations in July 1989. The company is registered in Bahrain as an Exempt Company. The authorised paid up capital of the Company is US$26.50 million(BD 10 million). The Company is managing assets of US$ 332 million as on 31.12.2006.
Having corporate office, It has operations all over the GCC, with 3 servicing branch offices at Bahrain, Dubai , Oman, and in the other territories of Kingdom of Saudii Arabia, Kuwait it has operations through Chief Agents and in Qatar, operations are through the Brokers office
CHIEF AGENT : M/s. International Agencies Co. Ltd., (Intercol), BAHRAIN
From modest beginnings in 1957 representing a single shipping company, Intercol is today a well-diversified, 100%-Bahraini-owned company representing over 200 leading corporations.
Throughout its history, the company has been a major participant in Bahrain’s ever-growing economy. Built on firm foundations, good customer relations, constant attention to detail and the professionalism of its well-trained and qualified workforce, Intercol continues to ensure it keeps abreast of the needs and demands of the Kingdom and its people through the introduction of new products, processes and advanced technologies. To enhance the confidence of principals and customers alike, Intercol became the first company of its kind in Bahrain to attain ISO 9001:2000 certification company-wide and ISO 14001: 1996 accreditation in recognition to the environmental, health and safety standards adhered to.
The company’s head office is located in the heart of the business centre of Manama, the capital of the Kingdom of Bahrain. Its major operational facilities are situated in the Mina Salman Industrial Area, which is adjacent to the country’s port, and is 15 minutes away from Bahrain International Airport. Moreover, the new port in Hidd and proximity to the main highway leading to Saudi Arabia and the wider Middle East; make an ideal location from which to pursue its multi-faceted activities.
Over the years Intercol has achieved sustained growth through diversification. Having started as a shipping agent, the company now has interests in consumer goods; (for which it maintains one of the most technologically-advanced dry, chilled and frozen goods warehouses in the region); shipping and forwarding; transportation and logistics; telecommunications and information technology; medical equipment and supplies; lubricants and chemicals; paints and coatings; and insurance.
Today, Intercol remains dynamic and forward-looking, pursuing a policy of controlled growth by ensuring continued focus on the products and services of principals and the demands of customers, ongoing diversification and expansion of the business outside Bahrain into regional markets.
1st Floor, Ali Al Wazzan Bldg.
Al Khalifa Avenue,
P.O.Box 584, Manama,
Kingdom of Bahrain
Mr. Vikas V. Bhide, Resident Manager
Mobile No. +973.39936618